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The problem is the US government and the Fed don’t really know the extent of the problem or if this massive amount of taxpayers money will resolve the problem. In fact, they don’t even know if it will be enough. Little wonder then, that the average US citizen is concerned and confused. This truly is a case of the blind leading the blind.

For what it is worth, I do think that something needs to be done. But I do not believe that the US taxpayer should be buying, what amounts to junk bonds for a fugure close to their maturity value, rather than what they are currently worth. I still think there are many questions to be answered, I hope they are, because the American taxpayer is right to be concerned.